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Leasing a pub need advice and a copy of someone's business plan please!

  • 07-02-2010 5:06pm
    #1
    DaveyG84
    Registered Users, Registered Users 2 Posts: 5 ✭


    Hi all,

    I have worked in a bar for the past year and it is now coming up for rent again and I have been approached. I would like to do up a business plan but don't know where so start.If anyone has done one already could they PM me to mail please.Also what is the average rent nowadays for a local pub.The one I am in seems over the top at 2500?

    Any help would be appreciated


Comments

  • #2
    judas101
    Closed Accounts Posts: 1,581 ✭✭✭judas101


    Copying someone elses business plan isnt advisable.

    Id be very warey of entering this market.
    If the pub was a goldmine do you think it'd be offered to you? Course not.
    Sounds to me like someone is trying to pass it on to someone who knows very little about the industry.

    Rent depends completely on area. Where abouts is it?
    Is there key money involved?
    What about the breweries?
    How big is it? How many staff does it need?


  • #3
    The Dagda
    Closed Accounts Posts: 1,345 ✭✭✭The Dagda


    Rent should be around 10% of net turnover...


  • #4
    JohnThomas09
    Closed Accounts Posts: 357 ✭✭JohnThomas09


    i agree with Dadga in regards to the rent.What was the trunover of the Pub last year?

    What can you do to bring in customers that pervious guys didnt?

    Pub trade can be risky in some areas but is still thrieving in others.


  • #5
    lenny1020
    Registered Users, Registered Users 2 Posts: 105 ✭✭lenny1020


    You are in a great position in that you know the premises.
    You must know the amount of stock coming in each week.That will give you a pretty good idea of what its doing .
    Is there an opening for food,Music.Can you stick a few poker machines in .A 5000 euro per week turnover is worth paying 500 per week for .Are you involved in sport.Only sure way of a good turnover in the bar trade is to be involved in local clubs.You need a 60% mark up so check what the prices are now.PM me if you need cost prices .
    Good luck.


  • #6
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    DaveyG84 wrote: »
    Hi all,

    I have worked in a bar for the past year and it is now coming up for rent again and I have been approached. I would like to do up a business plan but don't know where so start.If anyone has done one already could they PM me to mail please.Also what is the average rent nowadays for a local pub.The one I am in seems over the top at 2500?

    Any help would be appreciated

    I'm not being funny but you need to examine the books of the pub. There's no point in renting a pub if there's not enough profit to make it worth while. You need to take a very hard cold view of this and remove yourself from the fact you work there.

    It's one thing to work for someone else. You get to go home at the end of the night. You don't get the calls from the bank wondering when there's going to be a lodgement. You have to be prepared for the pressure that goes with being the "boss".


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